Palred Technologies (BOM:532521) Days Payable : 0.65 (As of Dec. 2023)

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What is Palred Technologies Days Payable?

Palred Technologies's average Accounts Payable for the three months ended in Dec. 2023 was ₹1 Mil. Palred Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹147 Mil. Hence, Palred Technologies's Days Payable for the three months ended in Dec. 2023 was 0.65.

The historical rank and industry rank for Palred Technologies's Days Payable or its related term are showing as below:

BOM:532521' s Days Payable Range Over the Past 10 Years
Min: 1.22 Med: 28.92 Max: 7375.35
Current: 2.19

During the past 13 years, Palred Technologies's highest Days Payable was 7375.35. The lowest was 1.22. And the median was 28.92.

BOM:532521's Days Payable is ranked worse than
99.75% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs BOM:532521: 2.19

Palred Technologies's Days Payable declined from Dec. 2022 (5.29) to Dec. 2023 (0.65). It may suggest that Palred Technologies accelerated paying its suppliers.

Palred Technologies Days Payable Historical Data

The historical data trend for Palred Technologies's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Palred Technologies Days Payable Chart

Palred Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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28.87

17.56

9.37

4.34

1.22

Palred Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															5.29	0.82	0.76	0.31	0.65

Competitive Comparison of Palred Technologies's Days Payable

For the Consumer Electronics subindustry, Palred Technologies's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Palred Technologies's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Palred Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where Palred Technologies's Days Payable falls into.

Palred Technologies Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Palred Technologies's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (5.638	+	2.205)	/	2 )	/	1171.797	*	365
=	3.9215					/	1171.797	*	365
=	1.22

Palred Technologies's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.046	+	0)	/	1 )	/	146.889	*	365 / 4
=	1.046					/	146.889	*	365 / 4
=	0.65

Palred Technologies Days Payable Related Terms

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Palred Technologies (BOM:532521) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Palred Technologies Ltd (BOM:532521) » Definitions » Days Payable

Traded in Other Exchanges

PALREDTEC:India

Address

Road No. 12, Banjara Hills, House No. 8-2-703/2/B, Plot No. 2, Hyderabad, TG, IND, 500034

Website

https://www.palred.com

Palred Technologies Ltd is a holding company. It is engaged in providing information technology (IT) solutions and IT services for media and entertainment. It has an online e-commerce portal and is engaged in trading online in electronic products, fashion accessories, and providing related services.

Palred Technologies (BOM:532521) Headlines

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